Big banks start charging clients for Euro deposits
from The Wall Street Journal
Several global banks have begun charging large customers to deposit their money in euros, a rare move that could have costly implications for investors and companies that do business on the Continent. The actions are driven by policies from the European Central Bank, which in June became the largest central bank to impose a negative interest rate on deposits — meaning banks are paying to park their money with the ECB.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063